Gold prices are seen rising in the futures market on Monday. Along with this, the gold futures of April 3, 2020 on the MCX exchange at 10:23 am on Monday morning showed an increase of 1.19 percent or Rs 482 to Rs 40,840 per 10 grams. Gold futures were currently trending at Rs 41,037 per 10 grams on MCX with an increase of 1.59 per cent or Rs 644.
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When we talk about silver in the futures market, it is also seeing a bounce on Monday. Along with this, silver futures on May 5, 2020 on MCX was trending at 1.36 per cent on Monday morning at 10.27 am with a rise of 1.34 per cent or Rs 481 to Rs 36,324 per kg. Speaking of international level, according to Bloomberg , The global spot price of gold was down 0.45 percent, or $ 6.71, at $ 1491.94 an ounce on Monday morning at 10.40 am.
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The global spot price of silver was down by 0.34 percent or $ 0.04 to trade at $ 12.57 an ounce. Along with this, this boom in gold is being seen due to the fall in the Indian rupee. With this, on Monday morning, the rupee was trading at around 76 level against one dollar. The Indian stock markets are seeing a tremendous decline on Monday.